Foreign Media: Iran Shows Initial Willingness to Abandon Nuclear Program for Peace, Crude Oil Falls in Response

Odaily News According to a report from Sky News Arabia, Iran's Deputy Foreign Minister stated: "Iran is prepared to abandon its nuclear program if the United States can provide a satisfactory alternative." Yesterday, there were reports that Iran had been secretly engaging with the U.S. to reach an agreement and end the conflict, but Iran later denied these reports as false. In summary, these are clear signals of a de-escalation in the situation. Investors may only need to wait for an announcement from the U.S. or Israel that objectives have been met to see the market celebrate. Following the Deputy Foreign Minister's comments, the market reacted positively, with stocks jumping while the U.S. dollar and crude oil prices fell. (Jin10)